BUY JSW STEEL...STEAL THE PROFITS!!!!!!!

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JSW Q2 net profit up 547%

AGENCIES

Posted: Sunday, Oct 28, 2012 at 1941 hrs IST

New Delhi : JSW Steel Ltd today reported 547 per cent jump in its standalone profit to Rs 822 crore for the second quarter ended September on the back of higher volumes and rupee appreciation.

The company's profit in the same period last year stood at Rs 127 crore.

"Net sales grew by 16 per cent to Rs 8,834 crore during the quarter ended September against Rs 7,625 crore in the year-ago period," the company said in a statement.

"Due to 6.4 per cent appreciation in the value of the rupee against the dollar during Q2 of 2012-13, the gain of Rs 422 crore on restatement of foreign currency monetary items at close of the quarter credited to profit and loss account, has been considered by the company as exceptional in nature," it

said.

"The company posted profit of Rs 822 crore up by 547 per cent over the corresponding quarter of previous year mainly on higher volumes....http://www.financialexpress.com/news/jsw-q2-net-profit-up-547-/1023157/

BANKS FAILURE..DANGER...EURO CRISIS

Sat, Oct 27, 2012 at 11:30

The immeasurable risk European banks may be hiding

There is growing concern among policymakers and analysts that the true extent of European banks' debt problems is being masked. There is growing concern among policymakers and analysts that the true extent of European banks' debt problems is being masked.

Sir Mervyn King, Governor of the Bank of England, became the most high-profile policymaker to date to warn of the dangers of banks putting off foreclosures in a speech Tuesday night.

His stern warning to UK banks that they need to drop the "pretense" that some of their bad debts will be repaid was coupled with the statement that they have "insufficient capital" to deal with losses which have remained undeclared.

Essentially, what seems to have happened is that banks across the euro zone have put off foreclosures on weak businesses - a process known as forbearance. This has been enabled by low interest rates across the region and rescue packages which have injected unprecedented amounts of liquidity into the banking system and helped keep struggling economies afloat.

The scale of forbearance is hinted at in relatively low rates of company insolvencies.

In the UK, despite the recession, insolvency rates are similar to 2002, when the economy grew by 1.6 percent, according to government figures.

Greece's problems have been well flagged - yet just five Greek companies were declared insolvent in 2011, the year it was forced to seek a bailout from international lenders, fewer than in 2007, when its economy was still growing.

This persists across the euro zone, with the weakest economies sometimes experiencing its lowest insolvency rates.

In 2011, the number of insolvencies per 10,000 companies was lowest in Greece, Spain, Italy and Portugal, according to calculations from Creditreform.

However, as Nigel Myer, director of credit strategy at Lloyds, pointed out, the extent of this is "effectively invisible" and "almost impossible to quantify." Decisions are made by individual banks and they do not have to declare them under accountancy rules.

Putting off foreclosure could be dangerous not only because it masks the true state of businesses, but because it could mean a faster rate of insolvencies if banks decide to change their policies in response to a worsening economy, with potential damage to employment figures and the broader economy - and to the banks themselves.

"To the extent that forbearance has taken place, a worsening economic environment in these countries could lead to a faster rate of deterioration in asset quality than might be inferred from reported numbers," Myer warned.

Of course, delaying the repayment of non-performing loans can be positive for the economy, particularly in the short-term.

"It has allowed companies to survive and people to be employed," as Myer pointed out. "It also very likely supports tax receipts and reduces the need for social security support."

Sir Mervyn's warning does not chime with other influential figures in the UK.

Andrew Bailey, a member of the Bank's Financial Policy Committee and head of prudential regulation at UK regulator the Financial Services Authority, thanked the banks for their actions earlier in October.

The European countries least likely to be affected by forbearance following worse-than-expected economic data are Switzerland, Austria and Denmark, according to Myer, who suggested spreads in Swiss banks and the recent rally in Danish spreads should be supported by worries about forbearance.

Written by Catherine Boyle, CNBC. Twitter: @cboylecnbc.

http://www.moneycontrol.com/news/world-news/the-immeasurable-risk-european-banks-may-be-hiding_773101.html

NO MORE PROFITABLE WITH PENNY STCKS

How to steer clear of stocks that do the vanishing act

LOKESHWARRI S.K.

Small-cap stocks with weak fundamentals and no institutional holding are more susceptible to suspension. If you are among those passive investors who review their portfolios once in two or three years, chances are high that one day you would be found wondering how to sell stocks such as NEPC Agro or Jord Engineers or Sanghi Polyester that are part of your holding. These stocks have disappeared from stock exchanges and investor radar.

It is not just these stocks that have done the vanishing act. The Bombay Stock Exchange sports a list of around 1,700 stocks that have been de-listed and another 1,220 that have been suspended from trading.

Investors in shares that are de-listed have it relatively easy. In voluntary delisting, the promoter offers to buy back shares from the public due to various reasons, including merger of companies, public holding falling below prescribed limits or because the promoter wishes to own the entire stake. When the company is liquidated, the shares are compulsorily de-listed from exchanges.

Such closure is not available in suspended stocks. When shares of a company are suspended from trading, it remains a possibility that the company could comply with exchange regulations and re-list. Investors continuing to hold such shares are left with no exit route when the company decides to forego listing and move away from public glare.

THE RULES

Companies have to make periodic disclosure to exchanges on their financial statements, shareholding pattern, trading in company’s shares by insiders, adhering to corporate governance practices and so on as part of the listing agreement signed with exchanges. When companies fail or are late in making these disclosures, they could land in trouble.

The Bombay Stock Exchange stops trading in shares of companies which do not make the above disclosures. For instance, companies that do not submit quarterly financial results in two consecutive quarters or are late in the submission in two of the previous four quarters will invite penal action in the form of suspension.

The rules followed by the National Stock Exchange are slightly different. Non-compliant companies are served show-cause notice by the exchange. Based on the response, a committee decides whether the shares of the company need to be suspended or not.

Suspension can be revoked once the companies follow the requirements of the listing agreement for a specified period. BSE additionally requires that the promoter holding should be locked in for a year from the date of revocation, the company should have signed a demat agreement with at least one depository participant and it should have its own Web site.

TRENDS

It is, however, obvious from a quick perusal of the list put out by the BSE and NSE that companies are using the suspension route to disappear. The Bombay Stock Exchange Web site lists around 1,220 stocks in which trading has been halted due to penal reasons since 1995. The list on NSE contains 155 companies, with few companies featuring in both lists.

Suspension of companies has accelerated after the dotcom bubble of 2000. Between 2000 and 2005, BSE suspended 983 companies while NSE suspended 102 companies. This accounts for 81 and 67 per cent of total suspension list on BSE and NSE, respectively.

While suspensions were seen tapering off since 2005, there is a spike in the first nine months of 2012. The number of companies suspended from trading in this period is double the number reported for entire 2011 on both the exchanges.

Analysing the profile of the suspended companies, three trends emerge.

Some sectors account for a disproportionate share of the suspended companies. Companies in sectors that have been in extended business down-cycle have, in some cases, turned loss-making, and slip up in making regular filings with the exchanges. This leads to eventual exit from stock exchanges too. Textiles and apparels reported the maximum number of suspended companies as this sector, hit by both excess supply and rising input costs, has been in a slump for over a decade now.

Stocks such as Akai Impex, Salem Textiles and Arihant Cotsyn that were once trading favourites now feature in the suspended companies list. The same applies for the chemical industry that reported 50 suspended companies, including S M Dyechem and J F Laboratories.

Many small and medium enterprises in industries requiring lower capital outlay that raised funds through stock markets were unable to withstand the vagaries of business and economic cycles. With deteriorating financial conditions, many such companies also stopped complying with exchange requirements that then led to their suspension. Companies in sectors such as food packaging, auto ancillaries and edible oils are cases in point.

Last, some sectors emerge as the ‘theme’ of the moment with investors buying stocks in the sector regardless of the fundamentals, promoter credentials and so on. Investors willing to buy Internet companies at astronomic valuations at the turn of the century, or running after infrastructure companies post-2005 are examples of such irrationality. Who can forget yesteryear darlings such as Silverline Technologies, Pentagon Global or DSQ Software?

GUIDE-POSTS

The market regulator is unable to find a viable solution to return investor funds locked in such suspended companies. Suggestions range from making the promoter buy back these shares and de-list to exchanges using the investor protection fund to recompense investors.

While not much can be done if you are already holding stocks in these companies, it is imperative to steer clear of these companies in future. What are the guideposts that investors can watch out for? We analysed the stocks suspended by BSE in 2012 to identify a few signals.

The stock price of the company is the first giveaway. The range between which these stocks traded was Re 0.17 and Rs 58. Eight out of every ten stocks suspended traded at less than Rs 10. That is, most of these stocks fall in the penny stock category (if we define penny stocks as those that trade at values less than Rs 10. Fifteen per cent of the stocks were priced at less than Re 1.

Almost all companies suspended by BSE this year belonged to the small-cap segment, with market capitalisation of less than Rs 50 crore. Almost 70 per cent of these companies had market capitalisation less than Rs 10 crore with many having market cap of even less than a crore.

Barring a few exceptions, institutional holding, both domestic and foreign, in these stocks is absent. It is, of course, obvious that the small market capitalisation, low liquidity and deteriorating finances would keep these large investors away thus increasing the impact cost on these counters.

A quick scan of the companies’ financial statements would definitely flash red for risk-averse investors. These companies had depleted reserves of less that a crore or even negative reserves. Over three-fourth of the companies had less than a crore in cash in their books. Half the companies reported revenue of less that Rs 10 crore and a third of the companies reported operating losses.

If you are among the brave-hearts who would want to dabble with these high-risk stocks with the intention of making a killing at some date, you need to scan the exchange announcements at least once every week. The exchanges put out notices of companies due for suspension in advance so that investors can exit these stocks.

Also keep scanning SEBI announcements regarding companies the regulator is investigating for trading violations. Such companies are also likely to get suspended, if found guilty. Beware of IPOs with low credit rating because many of these suspended companies stem from IPOs with doubtful credentials.

Lokeshwarri.sk@thehindu.co.in

http://www.thehindubusinessline.com/features/investment-world/how-to-steer-clear-of-stocks-that-do-the-vanishing-act/article4016892.ece?homepage=true&ref=wl_home

“ZERO COST- NEVER LOSS” MODEL

Not even a single day I could make Rs 1000/- for the last 20trading sessions. The reasons could be many. I call it like STORIES.

In my earlier trading days I never lost money on any given day for two months in a row.

Now there is lot of confusion, mis-reading the screen and wrong calculations…what not many things are generating tabulating for confusion. The turbulence in the mind is heavy and forcing me to take un-necessary positions causing me to PAY for IT.

I lost heavly during Jan-12 boom. I asked every body to buy in the market from last week of Dec-11 but unfortunately I kept a short position in TATASTEEL. I converted the day position in to a night position, paid heavy penality. The next day unfortunate position was taken, instead of covering the old one, we took another short position. The market zoomed like any thing. The beauty part is we lost our TWO internet connections. Calling the broker to square off the positions lead to Rs 15000 loss. So kept for one more day..loss is mounting…brick batting…blame game…Sleepless nights…everything crystallized to a loss of Rs55000 LOSS. I still remember the trauma. The suffering is heavy but I didn’t lost my smile on my face. Because I have not opted the position but failed to manage.

I have very good experience in managing my positions….MY TALL CLAIM…

Now I am not getting the confidence due to my On & Off screen management and readings…

At one time when my energies are high…I thought of building an empire for the deserving people ...needs to be supported…all is DREAM…the reality is …I am in requesting position….

The FACT is I have tremendous and stupendous STOCK MARKET knowledge…but behaving like a Stupid…loosing all opportunities for want of some thing…I have No eligibility to do any sacrifice…Only to take on the Challenges…

The WINNER is the one who accepts Challenges and convert them into success stories…where as the loser will succumbs to pressure an seek sympathy  from the …

The CAPACITIES are built on CONFIDENCE to ACHIVE and the Bench Marks of Success CYCLES goes…on..

I HAVE A DREAM OF CONVERTING MY SHARES INTO “ZERO COST- NEVER LOSS” MODEL. I STARTED WITH ONE AND WILL ADD….

Transgene Biotek Ltd.

I have been recommending this stock for INVESTMENT buying ever since I saw the growth in the sales from mere 0.5 cr to 5 cr in a quarter. This has been happening for the last 4-5 quarters. I am blindly supporting the stock from Rs 26-30 levels but the stock fell relentlessly from there to Rs 8-9 range. Where as the products pipeline has the opportunity to out perform is not happening in the bourses. The equity has grossly bloated from 15 cr to 65 cr with in two years (2010-12).  

BSE- Notices for refernece:

Notice No	20110505-20	Notice Date	05 May 2011
Category	Company related	Segment	Equity
Subject	Listing of new securities of Transgene Biotek Ltd.
Content
Trading members of the Exchange are hereby informed that the under mentioned securities of Transgene Biotek Ltd, (Scrip Code: 526139, ISIN No INE773D01018) are listed and admitted for trading on the Exchange with effect from Friday, May 06, 2011. Security Details 2,50,00,000 equity shares of Rs.10/- each issued underlying  Global Depository Receipts (1GDR = 10 Equity Shares) of the Company. These shares are ranking pari passu with the existing equity shares of the company. Date of Allotment 22.02.2011 Dist. Nos. 15770001 to 40770000 Price per GDR US $ 9.2 In case trading members require any clarification on the subject matter of the notice, they may please contact the undersigned on Tel. Nos. 022 2272 8899. (Pavan V. Naik) Deputy Manager - Dept. of Corporate Services

october Series Nifty Support September 27, 2012 8:02 PM

Most Influential 50 in 2012 Shows Turmoil: Bloomberg Markets

By Robert S. Dieterich - Sep 5, 2012 9:32 PM GMT+0530

Bloomberg Markets Magazine

The ability to move markets or shape ideas and policies. The clout to affect the price of a security or the structure of a deal. These are the attributes that define the people who hold sway in the world of finance -- those who make up the second annual 50 Most Influential list in the October issue of Bloomberg Markets magazine. 

To find this year’s 50, we drew on the reporting and expertise of Bloomberg News journalists in 150 bureaus around the globe. The chances of making the list go up if someone finishes at the top of the rankings of hedge-fund managers, economists or investment bankers that Bloomberg Markets publishes during the year.

Recent accomplishments count more than lifetime achievement, and we favor people whose influence is growing. Two-thirds of the people in this year’s list are new, reflecting political turmoil, the deepening euro-zone debt woes and the string of difficulties at big financial firms.

We’ve grouped our list into five spheres of influence -- Corporate Power Brokers, Money Managers, Policy Makers, Thinkers and Bankers. We excluded heads of government from our Policy Makers group in favor of the ministers, lawmakers and central bankers who make policy reality.

CORPORATE POWER BROKERS

Warren Buffett CEO Berkshire Hathaway Inc. (BRK/A) Count on Buffett, 82, to frame new financial controversies with old-line value-investing rules. As Facebook shares slid after the IPO, he said: “You shouldn’t buy a farm because you think you’re going to sell it the next day for more money.”

Chung Mong Koo CHAIRMAN Hyundai Motor Co. (005380) The 74-year-old son of the industrial group’s founder has made Hyundai Motor the world’s No. 5 car company and is making inroads in the luxury segment. Hyundai Motor was the most profitable of the world’s large automakers in 2011.

Tim Cook CEO Apple Inc. (AAPL) While Apple’s market value soared during his first year in the top job, Cook, 51, may need many years to show he’s a worthy successor to Steve Jobs. He also has to live up to his $378 million compensation package for 2011.

John Fredriksen CHAIRMAN Seadrill Ltd. (SDRL) He’s undeterred by the worst shipping market since the 1970s. Fredriksen, 68, the world’s biggest oil tanker owner, is betting $11 billion to extend his dominance over the transportation of energy.

Koch Brothers CO-FOUNDERS Koch Industries Inc. David Koch, 72, and brother Charles, 76, have a combined fortune that’s about $11 billion bigger than Bill Gates’s. The siblings set the standard for American titans who seek influence in politics.

Yuri Milner CO-FOUNDER Mail.ru Group Ltd. The largest Russian-language Internet company was a springboard. Milner, 50, emerged as a global tech heavyweight in 2009 by acquiring the largest stake in Facebook. A $100 million house in Silicon Valley reinforces his stature there.

Ginni Rometty CEO International Business Machines Corp. (IBM) Rometty, 55, rose through the ranks to claim the top job in January at the fourth-largest U.S. company by market value. She aims to get operating earnings to $20 a share in 2015, up from $13.44 last year.

Carlos Slim CHAIRMAN EMERITUS America Movil SAB The fortune of the richest man in the world grew by $12 billion this year as of mid-August, helped by share gains for large holdings. Slim, 72, has been a buyer, with America Movil building the largest stake in Dutch mobile-service provider Royal KPN.

Tadashi Yanai FOUNDER Fast Retailing Co. The parent of the Uniqlo clothing chain is the biggest component of the Nikkei 225 after its shares rose 158 percent in the five years ended in mid-August. Yanai, 63, is betting big on China, where his plans call for hundreds of stores.

Mark Zuckerberg FOUNDER Facebook Inc. (FB) The initial public offering in May and the hype that preceded it and the hand-wringing that followed put Zuckerberg, 28, front and center on Wall Street. Now, he needs to show he can generate ad dollars with his network of a billion or so friends.

MONEY MANAGERS

Cliff Asness CO-FOUNDER AQR Capital Management LLC Asness, 45, grew assets under management at AQR by about two- thirds in 18 months, to $54.5 billion as of June 30. The tally includes $7 billion in mutual funds, which range from an arbitrage product to a fund designed to capture stock momentum.

Hamed bin Zayed al Nahyan MANAGING DIRECTOR Abu Dhabi Investment Authority After the death of his older brother in 2010, Sheikh Hamed assumed the top job at Abu Dhabi Investment Authority, one of the world’s three largest sovereign-wealth funds, according to research firm Preqin Ltd.

Chase Coleman FOUNDER Tiger Global Management LLC A 37-year-old protege of Julian Robertson, Coleman claimed the top spot in Bloomberg Markets’ February ranking of the best- performing large hedge funds, on the strength of a 45 percent return over 10 months. “I would always bet on Chase,” Robertson says.

Leon Cooperman FOUNDER Omega Advisors Inc. Average annual returns of more than 13 percent over two decades distinguish Cooperman, 69, as a stock picker with staying power. The question he asks to find value: “What’s ridiculously priced now?”

Ray Dalio FOUNDER Bridgewater Associates LP At the helm of the largest hedge-fund firm, Dalio, 63, mostly has kept the scale of the operation from damping returns. While his flagship Pure Alpha fund lost 3.9 percent in the first half of this year, it had still returned 91.5 percent over three years.

Mary Callahan Erdoes ASSET MANAGEMENT CEO JPMorgan Chase & Co. (JPM) As the top executive in the bank’s global asset management division, Erdoes, 45, runs an organization that managed a cool $1.4 trillion as of March. That includes a hedge-fund group that, on its own, would be the world’s third biggest.

Larry Fink CEO BlackRock Inc. (BLK) Fink, 59, runs the world’s largest asset management company, with $3.56 trillion as of June 30. He’s been telling governments and companies how to handle their investments; now he wants BlackRock to give advice to individuals too.

Bill Gross CO-CHIEF INVESTMENT OFFICER Pacific Investment Management Co. After trailing peers in 2011, Gross, 68, got the world’s largest mutual fund back on track. As of July 31, the Pimco Total Return Fund was beating 98 percent of similar funds both year to date and over five years.

Jeffrey Gundlach FOUNDER DoubleLine Capital LP With an average annual return of 13.9 percent for his flagship bond fund, from its inception in 2010 through July, Gundlach, 52, is beating his largest rivals. His firm is up to about $40 billion under management.

Michael Platt FOUNDER BlueCrest Capital Management LLP His $32 billion firm is among those that profited from the London Whale’s failed trade. Platt, 44, was up 3.9 percent year to date through July in his international macro fund and 2.6 percent in his BlueTrend fund.

POLICY MAKERS

Mamata Banerjee CHIEF MINISTER West Bengal Her Trinamool Congress party, part of the ruling coalition, has stalled Prime Minister Manmohan Singh’s economic reform agenda by opposing foreign retailers. Banerjee, 57, won a landslide in West Bengal in 2011 to end 34 years of communist rule.

Ben S. Bernanke CHAIRMAN U.S. Federal Reserve Bernanke, 58, is either dooming millions to joblessness because he’s politically timid or debasing the currency, depending on which columnist or candidate is speaking. Either way, he’s established himself as one of the most powerful central bankers in history.

Preet Bharara PROSECUTOR U.S. Department of Justice With 66 insider-trading convictions so far during his tenure as U.S. Attorney for the Southern District of New York, Bharara, 43, has established himself as the watchdog with bite. He’s in the post that launched Rudy Giuliani’s political career.

Mario Draghi PRESIDENT European Central Bank When he cut interest rates at his first meeting as president, Draghi, 65, defied his staff and showed he would plot a different course than predecessor Jean-Claude Trichet. Markets are testing his vow to do whatever it takes to save the euro.

Timothy F. Geithner SECRETARY U.S. Treasury Regardless of who wins the presidential race, Geithner, 51, plans to step down. Yet he still has the power to be a thorn in the side of leaders in Europe, pushing them to act more decisively to strengthen the currency union.

Paul Ryan CHAIRMAN House Budget Committee A member of the Young Guns, who rose quickly to challenge older Republican leaders in the U.S. House of Representatives, Ryan, 42, is no compromiser. Now the Republicans’ vice presidential candidate, he was on the Bowles-Simpson commission and voted against the final plan.

Aung San Suu Kyi CHAIRPERSON National League for Democracy Suu Kyi, 67, now in Myanmar’s legislature instead of under house arrest, says she’s wary of a rush by businesses to enter the country. Nonetheless, her freedom is a symbol of the change that has investors weighing Myanmar as a frontier market.

Adair Turner CHAIRMAN U.K. Financial Services Authority Turner, 56, together with Bank of England Governor Mervyn King, helped push Robert Diamond out of Barclays after the Libor scandal broke. Turner is a potential candidate to replace King in June 2013.

Janet Yellen VICE CHAIRMAN U.S. Federal Reserve Yellen, 66, has led Ben S. Bernanke’s drive to make the central bank more transparent. Her success at pulling inflation hawks and doves together might make her a candidate to succeed her boss.

Zhou Xiaochuan GOVERNOR People’s Bank of China As investors worldwide contemplated China’s slowing growth, Zhou, 64, cut interest rates in June for the first time in three years. He’s been atop the central bank for almost 10 years, since shortly after Wen Jiabao and Hu Jintao rose to power.

THINKERS

Maury Harris CHIEF ECONOMIST UBS Securities LLC The team led by Harris, 65, had the most-accurate predictions of U.S. growth in Bloomberg Markets’ January ranking of economic forecasters. Harris sees the U.S. expanding 2.1 percent this year and says politicians will somehow avoid their fiscal cliff.

Glenn Hubbard DEAN Columbia Business School Hubbard, 54, a Mitt Romney adviser, says short-term stimulus won’t do much for the economy, while tax reform that cuts marginal rates will. Hubbard was chairman of the Council of Economic Advisers when the Bush tax cuts were born.

Daniel Kahneman PROFESSOR EMERITUS Princeton University The Israeli-born psychologist, a Nobel laureate for his work in behavioral economics, won new fans in the past year with his book about biases in human thinking. Kahneman, 78, has lucid explanations of the mistakes that bankers and investors make.

Paul Krugman PROFESSOR Princeton University The Nobel laureate is pounding the table to argue that governments should be supporting the global economy. Krugman, 59, bemoans the austerity he sees everywhere, not just in the euro zone but also as U.S. state and local governments shrink.

Carmen Reinhart PROFESSOR Harvard University Her research connects the dots between debt, financial crises and very slow recoveries. Reinhart, 56, in a paper published with co-authors in April, warns that debt above 90 percent of a country’s GDP can restrain growth for more than 20 years.

Alan Simpson FORMER SENATOR U.S. Congress The debt-reduction blueprint created by the commission Simpson co-chaired, known as Bowles-Simpson, has a following among businesspeople, bankers and former lawmakers, if not incumbent politicians. Simpson, 81, keeps lobbying for it.

Hans-Werner Sinn PRESIDENT Ifo Institute The most popular economist in Germany, Sinn, 64, has the power to stop Angela Merkel from taking measures that might alleviate the euro crisis.

Joseph Stiglitz PROFESSOR Columbia University Stiglitz, 69, sharpened his critique of the growing income inequality gap in the U.S. in a best-selling book in June. The Nobel laureate’s views permeate the left side of the debate over the economy and taxes in the presidential race.

John Taylor PROFESSOR Stanford University He’s known in monetary policy circles for the Taylor rule, a formula to prescribe moves in interest rates based on changes in inflation and output. Paul Ryan calls Taylor, 65, “the leading voice” on Fed matters.

Nicolas Veron SENIOR FELLOW Bruegel Veron, 40, was an early advocate of a banking union as a way to tamp down the euro-zone debt crisis. He splits his time between his Brussels think tank and the Peterson Institute for International Economics in Washington.

BANKERS

Lloyd Blankfein CEO Goldman Sachs Group Inc. (GS) Amid cost cuts and job reductions, Goldman’s shares were up 18 percent year to date through yesterday, while Morgan Stanley (MS) shares had gained just 2.5 percent. Blankfein, 57, has won back some influence in part by simply keeping the firm out of the headlines.

Emilio Botin CHAIRMAN Banco Santander SA Although running a Spanish lender might seem a tenuous position, Botin, 77, has seen his efforts to expand and diversify pay off. Santander, which gets a majority of its profit outside Spain, has a market valuation more than double that of Deutsche Bank.

Jamie Dimon CEO JPMorgan Chase & Co. The trade that sank the London Whale cost the bank more than $5.8 billion and undermined its CEO’s message on excessive regulation. Still, Dimon, 56, showed he can be contrite, and the company still made $10 billion in the first half of this year.

Isabelle Ealet CO-HEAD OF SECURITIES Goldman Sachs Group Inc. Ealet, 49, was promoted this year when two of four people running sales and trading left. A native of France, she and co- heads Pablo Salame and Harvey Schwartz oversee businesses that generated 60 percent of Goldman’s revenue in 2011.

Andre Esteves CEO Grupo BTG Pactual The Brazilian investment banker is building BTG Pactual into a Latin powerhouse. Esteves, 44, has set his sights on what he calls the wounded U.S. and European Mastodons of global banking.

Anshu Jain CO-CEO Deutsche Bank AG (DBK) Jain, 49, became co-CEO on June 1 and is scheduled to lay out his strategy in more detail this fall. For now, he is cutting about 1,900 jobs by year-end -- 1,500 of them in the investment bank, which he used to run. He’s also reducing compensation.

Jiang Jianqing CHAIRMAN Industrial & Commercial Bank of China (601398) Ltd. The head of China’s largest bank, Jiang, 59, has been looking overseas. He has made acquisitions from Asia to South Africa to America, where the company is buying 80 percent of the U.S. unit of Bank of East Asia.

Gerald McCaughey CEO Canadian Imperial Bank of Commerce Canada’s banks have dominated Bloomberg Markets’ ranking of the world’s strongest banks, and CIBC, with its cash hoard, scored best among its compatriots this year. McCaughey, 56, is pushing to make his company even less risky.

Ruth Porat CFO Morgan Stanley With the market treating the firm’s debt as riskier than that of rivals, Porat, 54, has been leading an effort to revamp Morgan Stanley’s funding. She’s taken steps to get more deposits, eliminate commercial paper and improve liquidity.

John Stumpf CEO Wells Fargo & Co. Stumpf, 58, has moved into investment banking and set a goal of doubling investment management. Not the best-known name in global finance, Wells Fargo has nonetheless become the biggest U.S. bank by market capitalization.

(Click here for a slide show of Bloomberg Markets magazine’s 50 Most Influential.)

To contact the reporter on this story: Robert S. Dieterich in New York atrdieterich@bloomberg.net

http://www.bloomberg.com/news/2012-09-04/most-influential-50-in-2012-shows-turmoil-bloomberg-markets.html